Transat reports lower second-quarter losses despite difficult market - News Summed Up

Transat reports lower second-quarter losses despite difficult market


MONTREAL—Transat AT Inc. says it has made progress on reducing its losses despite difficult market conditions that include higher fuel prices and currency fluctuations. The Montreal-based travel company says its net loss attributable to shareholders was $8.4 million or 23 cents per share in the second quarter of its fiscal year. A year earlier, Transat had a net loss of nearly $25 million or 68 cents per share. Revenue was down marginally at $884.3 million, compared with $888.2 million in the second quarter of fiscal 2016. Founded in 1987, Transat employs 5,000 people and operates in Canada, Europe, Mexico and the Caribbean.


Source: thestar June 08, 2017 17:26 UTC



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